This statistic displays the share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector. In 2019, it was found that the construction sector had the highest proportion of SMEs with this expectation, at 28 percent.
Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector*
Characteristic
Q2 2014
Q2 2015
Q2 2016
Q2 2017
Q2 2018
Q2 2019
Manufacturing
13%
23%
15%
11%
15%
22%
Agriculture, Hunting and Forestry; Fishing
17%
20%
15%
11%
17%
22%
Wholesale and Retail Trade; Repairs
17%
18%
15%
15%
19%
26%
Health and Social work
12%
17%
10%
10%
12%
25%
Real Estate, Renting and Business Activities
15%
14%
14%
15%
15%
16%
Transport, Storage and Communication
22%
12%
15%
12%
11%
23%
Hotels and Restaurants
24%
12%
16%
12%
15%
20%
Construction
18%
11%
10%
8%
15%
28%
Other Community, Social and Personal Service Activities
* Respondents were asked to rate (from 1 to 10) the extent to which they expected the current economic climate to be an obstacle to them running the business as they would wish in the next 12 months. The following scale was used: 1-4 = a minor obstacle 5-7 = a moderate obstacle 8-10 = a major obstacle The share of those who answered with a rating of between 8 and 10 are detailed here. The respondent was the person in charge of managing the business’s finances. Data was collected via interview. **In order to qualify for interview, SMEs had to meet the following criteria in addition to the quotas by size, sector and region: Not 50%+ owned by another company Not run as a social enterprise or as a not for profit organisation Turnover of less than £25m
Not all percentages sum to 100. This is due to rounding.
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BDRC Continental. (September 19, 2019). Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector* [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/291726/current-economic-climate-as-a-major-obstacle-to-the-smes-uk-by-sector/
BDRC Continental. "Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector*." Chart. September 19, 2019. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/291726/current-economic-climate-as-a-major-obstacle-to-the-smes-uk-by-sector/
BDRC Continental. (2019). Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector*. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/291726/current-economic-climate-as-a-major-obstacle-to-the-smes-uk-by-sector/
BDRC Continental. "Share of Small and Medium Enterprises (Sme) Expecting The Current Economic Climate to Be a Major Obstacle to Running The Business in The next 12 Months in The United Kingdom (Uk) as of 2nd Quarter 2014 to 2nd Quarter 2019, by Sector*." Statista, Statista Inc., 19 Sep 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/291726/current-economic-climate-as-a-major-obstacle-to-the-smes-uk-by-sector/
BDRC Continental, Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector* Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/291726/current-economic-climate-as-a-major-obstacle-to-the-smes-uk-by-sector/ (last visited November 13, 2024)
Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector* [Graph], BDRC Continental, September 19, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/291726/current-economic-climate-as-a-major-obstacle-to-the-smes-uk-by-sector/
